Somewhat Critical Press Coverage Somewhat Unlikely to Impact International Game Technology (IGT) Share Price
Press coverage about International Game Technology (NYSE:IGT) has trended somewhat negative recently, according to Accern Sentiment. Accern identifies negative and positive news coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. International Game Technology earned a media sentiment score of -0.01 on Accern’s scale. Accern also assigned news coverage about the company an impact score of 47.5929076096576 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
These are some of the media stories that may have effected Accern Sentiment Analysis’s analysis:
- IGT presents new hardware and gaming technology (casinocitytimes.com)
- IGT Presents New Hardware and Gaming Technology at SAGSE Buenos Aires 2018 (gamblinginsider.com)
- International Game Technology PLC (IGT) Receives Consensus Recommendation of “Buy” from Analysts (americanbankingnews.com)
- Zacks: Analysts Expect International Game Technology PLC (IGT) Will Announce Quarterly Sales of $1.18 Billion (americanbankingnews.com)
- $0.30 EPS Expected for International Game Technology PLC (IGT) This Quarter (americanbankingnews.com)
A number of brokerages recently weighed in on IGT. Union Gaming Research upgraded shares of International Game Technology from a “hold” rating to a “buy” rating in a research report on Friday, June 15th. They noted that the move was a valuation call. ValuEngine cut shares of International Game Technology from a “buy” rating to a “hold” rating in a research report on Friday, August 3rd. Credit Suisse Group began coverage on shares of International Game Technology in a research report on Tuesday, August 14th. They issued a “neutral” rating and a $24.00 target price for the company. Jefferies Financial Group restated a “buy” rating and issued a $35.00 target price on shares of International Game Technology in a research report on Wednesday, August 1st. Finally, UBS Group upgraded shares of International Game Technology from a “hold” rating to a “buy” rating in a research report on Friday, June 15th. Two analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $32.00.
International Game Technology (NYSE:IGT) last posted its earnings results on Tuesday, July 31st. The company reported $0.28 EPS for the quarter, missing the consensus estimate of $0.34 by ($0.06). International Game Technology had a positive return on equity of 12.26% and a negative net margin of 13.37%. The firm had revenue of $1.20 billion during the quarter, compared to the consensus estimate of $1.18 billion. During the same quarter last year, the company posted $0.15 EPS. International Game Technology’s revenue for the quarter was down 1.5% on a year-over-year basis. equities analysts expect that International Game Technology will post 1.18 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Tuesday, August 28th. Shareholders of record on Tuesday, August 14th were given a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 3.79%. The ex-dividend date of this dividend was Monday, August 13th. International Game Technology’s dividend payout ratio (DPR) is 52.63%.
International Game Technology Company Profile
International Game Technology PLC operates and provides technology products and services across lotteries, electronic gaming machines, sports betting, and interactive gaming markets worldwide. The company operates through: North America Gaming and Interactive, North America Lottery, International, and Italy segments.
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